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Published : July 27th, 2016

First Quantum Minerals posts 2Q profit

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First Quantum Minerals posts 2Q profit

VANCOUVER, British Columbia (AP) _ First Quantum Minerals Ltd. (FQVLF) on Wednesday reported second-quarter net income of $141 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Vancouver, British Columbia-based company said it had profit of 18 cents. Earnings, adjusted for non-recurring gains, came to 5 cents per share.

The metal and minerals mining company posted revenue of $659 million in the period.

First Quantum Minerals shares have more than doubled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $7.83, a fall of 13 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FQVLF at http://www.zacks.com/ap/FQVLF

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Keywords: First Quantum Minerals, Earnings Report

Read the rest of the article at sg.finance.yahoo.com

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CODE : FM.TO
ISIN : CA3359341052
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First Quantum is a copper producing company based in Canada.

First Quantum produces copper, cobalt and gold in Congo Dem. Rep. of, in Mauritania and in Zambia, develops cobalt, copper and nickel in Congo Dem. Rep. of and in Zambia, and holds various exploration projects in Congo Dem. Rep. of and in Peru.

Its main assets in production are BWANA MKUBWA, KANSANSHI and MOPANI in Zambia, FRONTIER and KOLWEZI in Congo Dem. Rep. of and GUELB MOGHREIN in Mauritania, its main assets in development are KOLWESI MUSONOI in Congo Dem. Rep. of and KALUMBILA in Zambia and its main exploration properties are KEVITSA and KEVISTA in Finland, HAQUIRA EAST and CRISTO DE LOS ANDES in Peru and KIPUSHI in Congo Dem. Rep. of.

First Quantum is listed in Canada, in Germany, in United Kingdom and in United States of America. Its market capitalisation is 853.0 millions as of today (US$ 611.3 millions, € 575.8 millions).

Its stock quote reached its lowest recent point on November 02, 2001 at 0.38, and its highest recent level on November 14, 2024 at 17.98.

First Quantum has 47 442 200 shares outstanding.

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